Britvic (LON:BVIC) Receives Hold Rating from Shore Capital
Shore Capital reiterated their hold rating on shares of Britvic (LON:BVIC) in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.
A number of other research firms have also weighed in on BVIC. Liberum Capital lowered Britvic to a hold rating and decreased their price target for the company from GBX 1,050 ($13.72) to GBX 1,000 ($13.07) in a research report on Friday, November 1st. Jefferies Financial Group upgraded Britvic to a buy rating and increased their price target for the company from GBX 880 ($11.50) to GBX 1,000 ($13.07) in a research report on Friday, September 13th. Deutsche Bank reiterated a buy rating and issued a GBX 1,100 ($14.37) price target on shares of Britvic in a research report on Friday, November 1st. Barclays reiterated an equal weight rating on shares of Britvic in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered Britvic to a neutral rating and increased their price target for the company from GBX 985 ($12.87) to GBX 1,065 ($13.92) in a research report on Friday, October 18th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 968.08 ($12.65).
BVIC stock traded up GBX 10.50 ($0.14) during trading hours on Tuesday, hitting GBX 955 ($12.48). 777,955 shares of the stock traded hands, compared to its average volume of 919,319. The stock has a 50-day simple moving average of GBX 994.11 and a 200 day simple moving average of GBX 922.60. Britvic has a one year low of GBX 782.50 ($10.22) and a one year high of GBX 1,079 ($14.10). The company has a market cap of $2.54 billion and a P/E ratio of 21.46. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 207.23.
Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.
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